Sify Technologies, a Chennai-based internet service provider (ISP), has signed a power purchase agreement (PPA) with Vibrant Energy Holdings, a majority-owned subsidiary of Blue Leaf Energy Asia Pte Ltd, for 231 MW of solar and wind energy to power Sify's latest hyper-scale data centers. The firms would invest Rs 1,250 crore in the green power project.
Sify is one of the three largest ISP companies in India, and has become the first Indian IT and networking company listed on the U.S. stock market in 1999.
The PPAs are for a total of 231 MW of solar and wind energy capacity, of which 67 MW solar PPA has been signed in March 2021 and just recently commissioned. These will power Sify's latest hyperscale data centers.
The collaboration is the first step in the company's efforts to reduce its reliance on fossil fuels to power its data center operations. Sify would be able to provide the majority of the electricity required for its Mumbai data centers.
“In the next four years, we plan to build around 200 MW of data center capacity,” said M P Vijay Kumar, Sify's CFO. “Some projects are already under construction, while others are scheduled to begin.” Sify's data center business includes 11 data centers across six cities.
“With the ever-increasing need for world-class data center facilities to suit the rising data centric transformation of Indian enterprises,” Sify chairman Raju Vegesna stated, “we feel that investing in sustainable energy sources to fuel this transition is a social imperative.”
